Long Island Iced Tea Corp. 4
4 · Long Island Iced Tea Corp. · Filed Aug 22, 2016
Insider Transaction Report
Form 4
Davidson Julian
DirectorExecutive Chairman
Transactions
- Award
Common Stock
2016-08-18+2,635→ 4,302 total(indirect: By Trust) - Award
Stock Option (Right to Buy)
2016-08-18+286,744→ 286,744 totalExercise: $5.50Exp: 2021-07-28→ Common Stock (286,744 underlying) - Award
Common Stock
2016-08-18+50,000→ 54,302 total(indirect: By Trust)
Footnotes (4)
- [F1]The reporting person was granted $10,000 per month (pro rated for partial days in any month) in shares at a value of $6.00 per shares as compensation for services.
- [F2]These shares are held in a trust for the benefit of the reporting person and members of the reporting person's immediate family. The reporting person's spouse controls the trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose, except to the extent of the reporting person's pecuniary interest therein.
- [F3]The reporting person was granted 50,000 shares pursuant to his consulting agreement with the issuer.
- [F4]The option vests in three equal annual installments on the date of grant, July 28, 2017 and July 28, 2018, subject to certain other conditions being met, including shareholder approval by the stockholders of the issuer.